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Focusing on the quantity theory of money, this influential 1912 work by Irving Fisher explores economic principles that shaped modern economics. As a pioneering economist, Fisher introduces key concepts such as the Fisher equation and the Fisher hypothesis, which remain relevant today. His insights laid the groundwork for understanding the relationship between money supply and economic activity, marking a significant contribution to economic thought and establishing his legacy in the field.
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The Purchasing Power of Money, Irving Fisher
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- 2007
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